Here's How Much Money You'll Receive for Your Volkswagen or Audi 2.0-Liter TDI

With the settlement now filed with the courts between Volkswagen, regulators, and other plaintiffs in the ongoing diesel emissions scandal, the United States District Court Northern District of California has published the exact figures for buy backs and settlement figures.

Click the jump to find out how much money you’ll receive for your affected Volkswagen and Audi 2.0-liter equipped TDI.

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It's a Cash Bonanza for Diesel Owners as Volkswagen Unloads Up to $14.7 Billion in the U.S.

Christmas is coming early for owners of polluting Volkswagen TDI models now that the automaker has agreed to pay up to $14.7 billion to settle claims in the diesel emissions scandal.

Volkswagen’s settlement with the federal government, owners and regulators will see it buy back some 475,000 2.0-liter diesel vehicles in the U.S. at pre-scandal values and offer their owners up to a cool $10,000 in extra compensation, according to figures reported by the New York Times.

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Volkswagen Settlement Nears; Start Planning That Goodbye Party for Your Dirty Diesel

Owners of 2.0-liter Volkswagen diesels will have to wait a little longer before learning exactly when their rolling pariahs will leave their driveways.

The automaker is on track to meet a June 21 settlement deadline, a federal judge stated yesterday, but details on the wildly expensive U.S. buyback and compensation program won’t be made public just yet.

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GM Will Settle With 124 Families Over Ignition Switch Deaths

General Motors announced Tuesday that it’ll settle with at least 124 families who claimed that faulty ignition switches killed family members, Car and Driver is reporting. The settlement comes after a long review to identify victims and people injured by the defective car part that could shut off and disable airbags in the process.

The switches were part of a 2014 recall that involved 2.6 million cars, including the Chevrolet HHR and Cobalt, Saturn Sky and Ion, and Pontiac Solstice and G5. The reported number of dead people was revised as part of a year-long investigation after GM initially acknowledged only 13 fatalities.

The settlement may cost GM up to $625 million, according to filings with the Securities and Exchange Commission. In all, 124 fatalities and 274 injuries have filed claims against the automaker. In addition to federal lawsuits, the automaker faces investigations by 50 state attorneys general.

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Lawsuit Settlement Highlights Incentive Pitfalls

A long-running lawsuit over the value of the land on which Hyundai’s Montgomery, Alabama plant is located has been settled. The Montgomery Industrial Development Board will pay former landowners $3.45 million to settle their claims. The particulars of the case illustrate the potential hazards faced by advocacy groups when they attempt to incentivize industrial development.

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Judge Gives O.K. To Daimler Settlement

U.S. District Judge Richard Leon approved a $185m settlement between Daimler, the Department of Justice (DOJ,) and the Securities and Exchange Commission (SEC). The Feds had alleged that Daimler violated the U.S. Foreign Corrupt Practices Act (FCPA) by drowning foreign government officials in money and gifts until they relented and ordered Daimler products. According to Reuters, Daimler’s German and Russian units each agreed to plead guilty to two minor counts of violating U.S. anti-bribery laws. Its China subsidiary will be subject to the two-year deferred prosecution agreement as well. That said, the bad boys from Sindelfingen may go forth and sin no more. Except for one niggling detail …

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  • Probert They already have hybrids, but these won't ever be them as they are built on the modular E-GMP skateboard.
  • Justin You guys still looking for that sportbak? I just saw one on the Facebook marketplace in Arizona
  • 28-Cars-Later I cannot remember what happens now, but there are whiteblocks in this period which develop a "tick" like sound which indicates they are toast (maybe head gasket?). Ten or so years ago I looked at an '03 or '04 S60 (I forget why) and I brought my Volvo indy along to tell me if it was worth my time - it ticked and that's when I learned this. This XC90 is probably worth about $300 as it sits, not kidding, and it will cost you conservatively $2500 for an engine swap (all the ones I see on car-part.com have north of 130K miles starting at $1,100 and that's not including freight to a shop, shop labor, other internals to do such as timing belt while engine out etc).
  • 28-Cars-Later Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
  • AZFelix Let's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.